Class, Race, and Student Debt

This report from Demos makes clear that student debt is disproportionately the problem of low-income and students of color.

Knowing that these students are also the least likely to make it to graduation makes the report more troubling.

  • Black and Latino students are dropping out with debt at higher rates than white students. At all schools, nearly 4-in-10 (39%) of Black borrowers drop out of college, compared to 29% of white borrowers. Around the same number (38%) of low-income borrowers1 drop out compared to less than a quarter of their higher-income peers. Nearly two-thirds of Black and Latino student borrowers at for-profit four-year schools drop out (65% and 67% respectively). Nearly half (47%) of Black student borrowers drop out with debt at for-profit 2, and less-than-2-,year institutions.
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